Kiraz Plus

Time deposit and free account, Kiraz Plus!

What Does Kiraz Plus Offer?
What You Need to Know
Frequently Asked Questions

Time deposit and free account, Kiraz Plus!Kiraz Plus, which combines the daily utilization benefit that Kiraz Account offers with the benefits of time deposit accounts, is a brand new type of account, designed exclusively for our customers with large amounts in balance. You can apply for Kiraz Plus through our branches, and have your account opened swiftly.

Benefits:

Being able to spend without being exposed to depreciation while making savings,
Fixed return for maturity terms, which vary between 32 and 60 days,
Earn interest on time deposit account with half of your deposit, and on Kiraz Account, out of which you can utilize amounts freely, at the rate that is offered exclusively for you.

Other Benefits:

You can transfer money via internal remittance or EFT free of any amount limit and any charge through Fibabanka Mobile banking application.
You can conduct numerous shared ATM transactions, primarily including cash withdrawal and lodgment without any amount limitation as well as account balance inquiry, fee of charge, through all through all Isbank Bankamatiks (ATMs) and Akbank ATMS in Turkey.
Fibabanka is entitled to cease the offering of and/or modify the benefits and terms of the product at any time.

Kiraz Plus TRY account is available for natural persons and legal entities. You can visit our branches to find out more about the details of account opening for legal entities.
A Kiraz Plus account is opened as a time deposit account by 50% and as a Kiraz Account by 50%. A certain portion of the amount of balance in the Kiraz Account relatively to some 50% of such amount will be kept blocked as the drawing account amount. Accordingly, the ranges of amounts to be kept blocked in the as the drawing account amount are provided as follows:

	TL
Amount Range-1	2.000.000-3.500.000
Kiraz Account	50% of the Balance Amount
Deposits	50% of the Balance Amount
Drawing account balance of Kiraz Account	50.000

	TL
Amount Range-2	3.500.001-5.000.000
Kiraz Account	50% of the Balance Amount
Deposits	50% of the Balance Amount
Drawing account balance of Kiraz Account	100.000

The amount in TRY held as a drawing account amount on Kiraz Account will be kept blocked until the end of the maturity term. Our customers may freely utilize the sum other than the amount held as a Drawing account amount.
With Kiraz Plus, our customers will be able to avail themselves of Kiraz Plus welcoming interest rate throughout the entire maturity term of the product. No post-welcoming term interest rate is applied. In the event Kiraz Plus is re-opened at the end of the maturity term, Kiraz Plus welcoming interest rate that is then applicable will be applied.
Our customers may, at their discretion, cancel the term deposit arrangement and utilize the amount held thereon immaturely. However, in that case, since Kiraz Plus Account would have been closed immaturely, they would have forfeited their benefits offered by Kiraz Account feature of Kiraz Plus, which enables them to earn interest on a daily basis.
Our customers may, at the end of the maturity term, extend their accounts under the then applicable terms and conditions.
You cannot have both Kiraz Plus and Kiraz Account in the same currency from the main account or the shared account..
On any business day, any amount lodged to account before 17.00 is processed at the value effective for the relevant day, and any amount lodged to account after 17.00 is processed at the value effective for the following day.
You can conduct internal remittance/EFT transactions from your account through Mobile and Internet Banking channels or Telephone Banking channel free of charge. On the other hand, any internal remittance/EFT transaction you may conduct at our branches and any SWIFT transaction you may conduct through any channel is subject to the charges designated by the Bank in accordance with the applicable regulations

***You can visit our branches to find out more about interest rates.

What is Kiraz Plus Account?

Kiraz Plus Account, which combines the daily utilization benefit that Kiraz Account offers with the benefits of time deposit accounts, is a type of account, designed exclusively for our customers with large amounts in balance. It is a type of account, under which 50% of your balance amount is kept as a Time Deposit amount and 50% of the same is kept as Kiraz Account amount, and a certain portion of the same is kept blocked as a drawing account amount.

Through what channels can Kiraz Plus be opened?

You can open a Kiraz Plus Account in TRY through our branches.

In what currencies can Kiraz Plus be opened?

Kiraz Plus Account may only be opened in TRY.

For which customers is Kiraz Plus available?

It is available for any customer, whose balance amount in TRY is not less than TRY 2 million and not more than TRY 5 million.

What is the lower limit for drawing deposit amount in Kiraz Plus?

• TRY 50,000 for the range of TRY 2,000,000 and TRY 3,500,000; and TRY 100,000 for the range of TRY 3,500,001 and TRY 5,000,000

What are the terms of extension for Kiraz Plus?

In the event extension is requested at the end of the maturity term; the entire amount of balance is transferred to Kiraz Account. If the account is not closed within the day and there is sufficient balance on the account, Kiraz Plus Account is re-opened subject to the then currently applicable interest rate, depending on the relevant breakdown, at the end of the day.

In respect of the amounts of balance that exceed TRY 5 million by the end of the maturity term; the portion in excess of TRY 5 million will be kept in the drawing deposit account following the extension.

What transactions can I conduct on my Kiraz Plus account?

On your Kiraz Plus account, you can conduct any transaction, which you can conduct on your TRY drawing deposit account. You can lodge monies to and withdraw monies from your account and conduct any transfer on the same at any time for 24 hours on any day, including holidays. Also, you can conduct EFT transactions within the business hours. Furthermore; you can place direct debit mandates for your regular payments (credit card, bills, loan repayment). You can even conduct various investment transactions on your account, should you so wish.

Can I define an overdraft deposit limit for Kiraz Plus?

You can define overdraft deposit limit for your TRY Kiraz Plus Account in accordance with the loan extension and risk policies of our Bank. Any overdraft deposit amount will not be utilized during the transfer of your amount of balance to the time deposit account.